Singapore Family Office Acquires Munich Office Building For

Singapore is a hotspot for single and multi family offices. A rather secret now acquired a top-notch building in Munich (Germany).“Ludwig” office building changing its owner for €350MThe so-called “Ludwig” building is in the heart of Munich, located. in Ludwigstraße 21 and Theresienstraße 4, 6 and 8. The building is just a few minutes away from the English Garden, Hofgarten and Odeonsplatz. Now, the Ludwig building was acquired by the Singapore family office Pacific Eagle for approximately €350M. Former owner of the building was Allianz Real Estate, the property investment division of Germany’s largest insurer. Allianz uses 20% of the space itself, the rest of 27,000sqm office space is mainly inhibited by the Boston Consulting Group. Further tenants are the German unicorn startup Celonis and a law firm. The neo-renaissance building has a historical background was built in 1911 by the Bavrian insurance bank.Secret Singapore family office as investor, major real estate firms realizing the transactionThere is rarely any information about the Singapore-based Pacific Eagle Asset Management firm. It is probably a single family office, active in real estate, venture capital, and financial markets. The KanAm Grund Group serves as investment and asset manager for Pacific Eagle. CBRE served as a broker.Sources, 10.09.2019, 10.09.2019You might like these family office articlesRelevant family office lists Rated 5.00 out of 5 €399,99 including VAT Rated 4.50 out of 5 €699,99 including VAT Rated 4.67 out of 5 €1.499,99 including VAT Rated 5.00 out of 5 €699,99 including VAT

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